Thanks Max. I'm not necessarily a pure long term trader but I try to start with the weekly and drill down for an entry. I'm about to fund a trade account again and trying to add some tools/check I'm not misunderstanding signals.
Awesome.Thanks TheDawn. The triple top to the left of your circle at very top of the page,once price has reacted significantly to that top is there any rule of thumb regarding the probability of it stopping at that level again?
Cmon Schiz! I know you like your shorter term stuff but I know youve got a read for me! Wont hold you to it!
My suggestion is to trade from charts where you don't feel compelled to ask for the opinion of others; the trade direction, if not the exact timing, should be obvious. And while I may have a vague opinion on where this particular market looks like it's headed in the very near term, opinions are like assholes: everybody has one.
Thanks Fred. Of course I get your point but id still be interested in an opinion. For instance,my immediate response to the chart is bullish but the more i look i see a product that has reacted significantly to a triple top,hasnt fully recovered and is perhaps reacting to another triple top or significant level.
SPI? Yahoo gives a quote of 1.19 SPI Energy. Next time I suggest you don't crop out stuff if you want a full a complete opinion straight away. Otherwise just provide symbol (and exchange) without chart image and ask what is current outlook.
I agree that the chart looks more bullish than bearish at this very moment regardless of what clouds may or may not be forming. I have no idea what market you are referring to* and, even if I did, I would not know the direction it would take. Further, it is not a moment in time I would likely want to enter. But if pressed, I would rather be long at this very moment than short. * Oh. okay.
Apologies,Uncle SunT. It is an Australian index. The futures equivalent of the ASX200 I guess you could say.